Personal Financial Advisors
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.Salary by State
| State Name | Employment | Annual Salary | Hourly Salary | |
|---|---|---|---|---|
| Alabama | 2,720 | $123,870 | $59.55 | |
| Alaska | 180 | $134,520 | $64.68 | |
| Arizona | 5,420 | $92,180 | $44.32 | |
| Arkansas | 1,190 | $110,900 | $53.32 | |
| California | 32,990 | $126,480 | $60.81 | |
| Colorado | 5,380 | $98,330 | $47.28 | |
| Connecticut | 4,780 | $123,590 | $59.42 | |
| Delaware | $119,130 | $57.27 | ||
| District of Columbia | 450 | $156,670 | $75.32 | |
| Florida | 20,760 | $104,870 | $50.42 | |
| Georgia | 7,980 | $113,600 | $54.62 | |
| Hawaii | 480 | $91,520 | $44.00 | |
| Idaho | 910 | $87,530 | $42.08 | |
| Illinois | 14,360 | $117,580 | $56.53 | |
| Indiana | 4,680 | $105,400 | $50.67 | |
| Iowa | 1,770 | $99,690 | $47.93 | |
| Kansas | 3,040 | $95,550 | $45.94 | |
| Kentucky | 3,150 | $129,540 | $62.28 | |
| Louisiana | 1,400 | $106,820 | $51.36 | |
| Maine | 660 | $134,580 | $64.70 | |
| Maryland | 4,810 | $128,630 | $61.84 | |
| Massachusetts | 8,510 | $142,630 | $68.57 | |
| Michigan | 5,860 | $107,680 | $51.77 | |
| Minnesota | 6,310 | $119,190 | $57.30 | |
| Mississippi | 1,350 | $73,170 | $35.18 | |
| Missouri | 4,660 | $112,760 | $54.21 | |
| Montana | 650 | $140,700 | $67.64 | |
| Nebraska | 1,710 | $109,360 | $52.58 | |
| Nevada | 1,330 | $111,030 | $53.38 | |
| New Hampshire | 1,210 | $108,120 | $51.98 | |
| New Jersey | 4,190 | $121,610 | $58.47 | |
| New Mexico | 840 | $121,300 | $58.32 | |
| New York | 21,170 | $158,040 | $75.98 | |
| North Carolina | 12,850 | $116,030 | $55.78 | |
| North Dakota | 540 | $86,770 | $41.72 | |
| Ohio | 8,200 | $108,960 | $52.39 | |
| Oklahoma | 1,220 | $102,430 | $49.25 | |
| Oregon | 2,610 | $121,070 | $58.21 | |
| Pennsylvania | 12,800 | $136,830 | $65.79 | |
| Rhode Island | 1,320 | $122,420 | $58.86 | |
| South Carolina | 1,920 | $95,160 | $45.75 | |
| South Dakota | 370 | $140,160 | $67.39 | |
| Tennessee | 3,820 | $96,710 | $46.49 | |
| Texas | 19,150 | $110,450 | $53.10 | |
| Utah | 3,830 | $85,870 | $41.28 | |
| Vermont | 450 | $111,990 | $53.84 | |
| Virginia | 6,680 | $131,790 | $63.36 | |
| Washington | 5,020 | $144,890 | $69.66 | |
| West Virginia | 530 | $86,700 | $41.68 | |
| Wisconsin | 5,520 | $118,420 | $56.93 | |
| Wyoming | 420 | $104,480 | $50.23 |
Education
The programs listed below are typically the education paths that can land you this kind of job.
A general program that focuses on the design and implementation of policies and processes contributing to successful individual and family resource management. Includes instruction in financial goal-setting and strategies; household income, assets, and debt management; preventing and resolving financial difficulties; and the use of relevant public resources.
A program that generally prepares individuals to plan, manage, and analyze the financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. Includes instruction in principles of accounting, financial instruments, capital planning, funds acquisition, asset and debt management, budgeting, financial analysis, and investments and portfolio management.
A program that prepares individuals to plan and manage the financial interests and growth of individuals and institutions. Includes instruction in portfolio management, investment management, estate planning, insurance, tax planning, strategic investing and planning, financial consulting services, and client relations.
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$119,960 per yearNational average salaryVery HighJob growth rate
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Bachelor's degreeTypical education requirement
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Long-term on-the-job trainingTypical on-the-job training requirement
Educational Attainment
The following chart shows the highest education level completed by those working as personal financial advisors.
- Less than high school 0%
- High school graduate 3%
- College dropout 9%
- Associate’s degree 4%
- Bachelor’s degree 54%
- Master’s degree 23%
- Doctorate degree 6%
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